IOU Central Named as Finalist for Financial Services Company of the Year in The 2013 American Business Awards (SM)

IOU Central fills the gap between traditional banks unable to justify cost-benefit of smaller loans and small businesses in need of capital to seize growth opportunities.

Atlanta, GA (PRWEB) May 10, 2013

IOU Central, a leading online small business lender, announced today that it has been named a finalist in the Financial Services Company of the Year category in The 2013 American Business Awards and will ultimately receive a Gold, Silver, or Bronze Stevie® Award.

As a leader in alternative financial services, IOU Central evaluates loan applications for owners of healthy small businesses that have been in operation for at least two years and are looking for a six- to 12-month loan between $5,000 and $100,000. Because the application process is technology-driven, many borrowers get an answer on approval and have a check in hand in days, as opposed to the typical weeks-long process associated with traditional banks. Over the past year, IOU Central has nearly tripled the number of loan applications processed and had an almost 300 percent increase in the dollars loaned to small businesses.

“We’re thrilled to be selected by the American Business Awards as a finalist for Financial Services Company of the Year,” said Robert Gloer, president and COO of IOU Central. “As a company that puts a tremendous amount of effort into bringing small business owners the best possible lending solution, it’s rewarding to be recognized as a leader in new lending options and a trusted alternative to traditional banks.”

The American Business Awards are the nation’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small. More than 3,200 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories. The American Business Awards will be presented at two awards events: the ABA's traditional banquet on Monday, June 17 – in Chicago for the first time, after 10 years in New York; and the new product & technology awards event on Monday, September 16 in San Francisco.

About the Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. A fifth program, the Asia-Pacific Stevie Awards, will debut this year. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Sponsors and partners of The 2013 American Business Awards include the Business TalkRadio Network, Callidus Software, Citrix Online, Dynamic Research Corporation, Experian, John Hancock Funds, LifeLock, PetRays, and SoftPro.

About IOU Central
IOU Central is a leading online lender specialized in helping small businesses with healthy cash flow. Typical customers include medical and dental practices, grocery and retail stores, restaurant and hotel franchisees and ecommerce companies. In a unique approach to lending, IOU Central’s advanced, automated application and approval system accurately assesses applicants’ financial realities, with an emphasis on day-to-day cash flow trends. It makes loans of up to $100,000 to qualified applicants within a few business days, with affordable charges favorable to cash-flow management. IOU Central’s speed and transparency make it a trusted alternative to banks. Based in metro Atlanta, Georgia, IOU Central is a privately held subsidiary of IOU Financial (CNSX: IOU), which is headquartered in Montreal, Canada. For more information, visit http://www.ioucentral.com.